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'Bank of America' Articles

Wells Fargo and Bank of America to Add Apple Pay Support to ATMs

Bank of America and Wells Fargo are working on implementing Apple Pay into their ATMs, reports TechCrunch, citing a source with knowledge of the project. Both companies are said to have engineers working on the technology that would likely allow Apple Pay to be used at an ATM in place of a physical debit card. When questioned about the possibility of Apple Pay at ATMs, Wells Fargo head of ATMs Jonathan Velline suggested the information was accurate and that Wells Fargo was working on adding support for mobile wallets that would meet all of its customers needs.Wells Fargo's head of ATMs Jonathan Velline implied Apple Pay would come to its ATMs. He confirmed that "We've been working on the technology that allows us to hook to digital wallets, leveraging NFC on mobile phones to replace the card at the transaction at the ATM. Right now the wallet that we support is Android Pay." [...] "But we're also looking at lots of different mobile wallets and evaluating which ones are going to be appropriate for our customers. We'll likely add more mobile wallets throughout the year."Bank of America was less forthcoming about its plans, but told TechCrunch the company is developing a cardless ATM solution that would let customers use NFC technology on their smartphones to authenticate and complete transactions at Bank of America ATMs. The company would not confirm which phones it will work with. Bank of America plans to begin rolling out its cardless ATM solution starting in late February at ATMs in Silicon Valley, San Francisco, Charlotte, New York, and Boston before a wider

Save Mart Supermarkets Adds Apple Pay as Bank of America Approaches 800K Customers On Board

Apple Pay was introduced last year during Apple's September iPhone event and debuted alongside iOS 8.1. Months after launch, the service continues to expand with two major announcements today that mark the further expansion of the mobile payments service into regional supermarket chains and the continued adoption by consumers. Starting today, California supermarket chain Save Mart Supermarkets is rolling out Apple Pay to all 217 Northern California and Nevada stores it operates under the Save Mart, S-Mart Foods, Lucky, Maxx Value Foods, and FoodMaxx brands. Save Mart Co-President & Chief Strategy and Branding Officer Nicole Piccinini Pesco said that the grocery store chain is adding Apple Pay for the "benefit and convenience" of their customers, adding that Apple Pay will "transform the shopping experience for our customers". While Apple Pay continues to expand to new retailers, consumer interest in the mobile payment service also remains strong. As part of its Q4 2014 earnings report, Bank of America today announced that almost 800,000 customers have enrolled in Apple Pay and have added approximately 1.1 million cards to the service since it launched in October 2014.The number of mobile banking customers increased 15 percent from the year-ago quarter to 16.5 million users, and 12 percent of deposit transactions by customers were done through mobile, compared to 9 percent in the year-ago quarter. Since the introduction of Apple Pay™ in October, nearly 800,000 customers have enrolled in the service, adding approximately 1.1 million cards.Bank of America was a